Infrastrutture Wireless Italiane S.p.A.

BIT:INW Stock Report

Market Cap: €6.0b

Infrastrutture Wireless Italiane Future Growth

Future criteria checks 1/6

Infrastrutture Wireless Italiane is forecast to grow earnings and revenue by 4.6% and 1.7% per annum respectively. EPS is expected to grow by 4.3% per annum. Return on equity is forecast to be 13.1% in 3 years.

Key information

4.6%

Earnings growth rate

4.26%

EPS growth rate

Telecom earnings growth20.2%
Revenue growth rate1.7%
Future return on equity13.08%
Analyst coverage

Good

Last updated10 Sep 2026

Recent future growth updates

Analysis Article • Aug 02

Infrastrutture Wireless Italiane S.p.A. (BIT:INW) Half-Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Last week saw the newest half-year earnings release from Infrastrutture Wireless Italiane S.p.A. ( BIT:INW ), an...
Analysis Article • May 17

The Infrastrutture Wireless Italiane S.p.A. (BIT:INW) First-Quarter Results Are Out And Analysts Have Published New Forecasts

Last week, you might have seen that Infrastrutture Wireless Italiane S.p.A. ( BIT:INW ) released its first-quarter...

Recent updates

Narrative Update • Aug 19

INW: Contract Disputes And Rating Cuts Will Steer Returns Forward

Analysts have trimmed their price targets for Infrastrutture Wireless Italiane, with the central fair value estimate easing from about €7.00 to about €6.50, as recent research highlights contract dispute complexity and broader uncertainty. This is now reflected in lower Street targets near €7.00 to €7.30.
Narrative Update • Aug 05

INW: Contract Dispute Resolution Will Support Future Upside Beyond Recent Downgrades

Analysts have lowered their average price target on Infrastrutture Wireless Italiane to about €7.90 from roughly €8.13, citing higher perceived risk around customer contract disputes and updated assumptions for growth, margins and future P/E multiples. Analyst Commentary Recent research updates on Infrastrutture Wireless Italiane point to a more cautious tone, with price targets and ratings reset to reflect higher perceived risk around customer contract disputes and execution on future growth and margins.
Analysis Article • Aug 02

Infrastrutture Wireless Italiane S.p.A. (BIT:INW) Half-Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Last week saw the newest half-year earnings release from Infrastrutture Wireless Italiane S.p.A. ( BIT:INW ), an...
Narrative Update • Jul 22

INW: Disputed Contracts Will Set The Stage For A Bullish Repricing

Analysts have trimmed their price targets for Infrastrutture Wireless Italiane, with the fair value estimate moving from about €12.50 to €9.50 as they factor in expectations of lower revenue growth, softer profit margins and increased uncertainty around customer contract disputes. Analyst Commentary Recent research on Infrastrutture Wireless Italiane points to a more cautious stance, with several firms revising ratings and price targets as they reassess contract risks, revenue expectations and margin pressure.
Narrative Update • Jul 08

INW: Contract Disputes And Fair Value Reset Will Shape Future Returns

Analysts have trimmed their price targets for Infrastrutture Wireless Italiane from around €10.50 to a range centered near €7.00. This reflects a lower fair value estimate and concerns about customer contract disputes and related uncertainty.
Narrative Update • Jun 24

INW: 2026 Dividend And Inflation Indexation Will Support Future Upside

Analysts have trimmed their price target for Infrastrutture Wireless Italiane to €7 from €11. This reflects a slightly lower fair value estimate and modestly softer assumptions for revenue growth, profit margins, future P/E and discount rate as recent research points to ongoing uncertainty around the stock.
Narrative Update • Jun 08

INW: 2026 Dividend And Inflation Linkage Will Support Future Upside

Analysts have trimmed their price target for Infrastrutture Wireless Italiane by €0.30 to reflect updated assumptions on discount rates, revenue growth and margins, while keeping future P/E expectations broadly in line. What's in the News Infrastrutture Wireless Italiane S.p.A. announced an annual dividend of €0.5543 per share, with payment scheduled for May 20, 2026, an ex-dividend date of May 18, 2026, and a record date of May 19, 2026 (source: Key Developments).
Analysis Article • May 17

The Infrastrutture Wireless Italiane S.p.A. (BIT:INW) First-Quarter Results Are Out And Analysts Have Published New Forecasts

Last week, you might have seen that Infrastrutture Wireless Italiane S.p.A. ( BIT:INW ) released its first-quarter...
Narrative Update • May 14

INW: 2026 Dividend And Inflation Linked Contracts Will Support Future Upside

Analysts have trimmed their price target for Infrastrutture Wireless Italiane slightly to about €8.64 from roughly €8.72, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Announced an annual dividend of €0.5543 per share, with an ex-date on May 18, 2026, a record date on May 19, 2026, and payment scheduled for May 20, 2026 (Key Developments).
Narrative Update • Apr 22

INW: 2026 Dividend And Board Meeting Schedule Will Support Future Upside

Analysts have slightly reduced their price target on Infrastrutture Wireless Italiane, with fair value moving from about €8.85 to roughly €8.72. This reflects updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples.
Narrative Update • Apr 04

INW: 2026 Board Schedule Will Support Confidence In Future Upside

Analysts have trimmed their price target on Infrastrutture Wireless Italiane from about €9.95 to roughly €8.85, citing updated assumptions for discount rates, revenue growth, profit margins, and a slightly higher future P/E multiple. What's in the News A board meeting is scheduled for March 10, 2026 to approve the draft financial statements for the year ended December 31, 2025 (company filing).
Narrative Update • Mar 21

INW: 2026 Board Calendar Will Support Confidence In Future Upside

Analysts have adjusted their price target on Infrastrutture Wireless Italiane to reflect a lower fair value estimate of €9.95, down from €10.37 previously, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Board meeting scheduled on March 10, 2026, to approve the draft financial statements for the year ended December 31, 2025 (company board calendar).
Narrative Update • Mar 07

INW: 2026 Board Calendar Will Underpin Confidence In Future Upside

Analysts have slightly reduced their price target for Infrastrutture Wireless Italiane, with fair value moving from about €10.46 to €10.37 as they factor in updated assumptions for the discount rate, revenue growth, profit margins and future P/E levels. What's in the News A board meeting is scheduled for Mar 10, 2026 to approve the draft financial statements for the year ended Dec 31, 2025 (company calendar).
Narrative Update • Feb 21

INW: Stable Assumptions And 2026 Board Calendar Will Support Upside Potential

Analysts have kept their fair value estimate for Infrastrutture Wireless Italiane unchanged at €10.46. A slightly lower discount rate and modest adjustments to long-term assumptions for revenue growth, profit margins and future P/E have helped support a stable price target narrative.
Narrative Update • Feb 05

INW: 2026 Board Calendar Will Underpin Confidence In Upside Potential

Analysts have kept their price target for Infrastrutture Wireless Italiane broadly steady around €10.46 per share. Small tweaks to assumptions, such as a slightly lower discount rate and modestly adjusted forward P/E, have helped to refine the valuation rather than shift it.
New Narrative • Feb 05

Indoor Connectivity And 5G Densification Will Reshape This Wireless Infrastructure Owner’s Long-Term Prospects

Catalysts About Infrastrutture Wireless Italiane Infrastrutture Wireless Italiane (INWIT) owns and operates mobile towers and related wireless infrastructure across Italy, serving mobile network operators and other connectivity clients. What are the underlying business or industry changes driving this perspective?
Analysis Article • Feb 01

Here's Why Infrastrutture Wireless Italiane (BIT:INW) Can Manage Its Debt Responsibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Narrative Update • Jan 22

INW: Upcoming 2026 Board Milestones Will Support Future Upside Potential

Analysts have reduced their price target for Infrastrutture Wireless Italiane to €10.46 from €10.97, citing slightly lower fair value estimates, a modestly reduced discount rate, and small adjustments to revenue growth, profit margin, and future P/E assumptions. What's in the News Board meeting scheduled for Mar 10, 2026, to approve the draft financial statements for the year ended Dec 31, 2025 (company event calendar).
Narrative Update • Jan 08

INW: Stable Cash Metrics And Board Schedule Will Support Future Upside Potential

Analysts have maintained their price target for Infrastrutture Wireless Italiane at €10.97, citing largely unchanged assumptions around revenue growth, profit margin and future P/E, along with a slightly higher discount rate in their models. What's in the News Board meeting scheduled for Mar 10, 2026, to approve the draft financial statements for the year ended Dec 31, 2025 (company filing).
Analysis Article • Jan 07

Infrastrutture Wireless Italiane (BIT:INW) Might Have The Makings Of A Multi-Bagger

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Narrative Update • Dec 25

INW: Slightly Higher Required Return Will Still Support Attractive Upside Potential

Analysts have nudged their price target on Infrastrutture Wireless Italiane slightly higher to approximately €10.97 from about €10.96, citing marginal improvements in projected profit margins and a modestly higher assumed discount rate, despite largely unchanged growth expectations and valuation multiples. Valuation Changes Fair Value Estimate has risen slightly, moving from approximately €10.96 to about €10.97 per share.
Narrative Update • Dec 11

INW: Modest Risk Increase Will Still Support Attractive Upside Potential

Analysts have modestly trimmed their price target on Infrastrutture Wireless Italiane by around €0.20 per share, citing slightly higher perceived risk and only marginal adjustments to long term growth and profitability assumptions. Valuation Changes The fair value estimate has edged down slightly from approximately €11.15 to €10.96 per share, reflecting a modestly lower intrinsic valuation.
Narrative Update • Nov 26

INW: Rising Profit Margins And Lower Rate Expected To Support Share Upside

Analysts have revised their price target for Infrastrutture Wireless Italiane downward by approximately €0.44 to €11.15. They cited slightly lower projections for revenue growth and fair value, while noting an improved profit margin outlook for the company.
Narrative Update • Nov 11

INW: Improved Margins And Lower Rate May Drive Upside Ahead

Analysts have slightly lowered their price target for Infrastrutture Wireless Italiane from €11.80 to €11.59, citing updated assumptions for revenue growth, discount rate, and profit margin projections. Valuation Changes Fair Value: Decreased modestly from €11.80 to €11.59 per share.
Analysis Article • Nov 08

Infrastrutture Wireless Italiane S.p.A.'s (BIT:INW) Business Is Yet to Catch Up With Its Share Price

With a price-to-earnings (or "P/E") ratio of 24.2x Infrastrutture Wireless Italiane S.p.A. ( BIT:INW ) may be sending...
Analysis Article • Oct 10

Is Infrastrutture Wireless Italiane (BIT:INW) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
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New Narrative • Nov 20

INWIT Positioned To Thrive As Digital Infrastructure Expansion Boosts Growth And Margin Expansion

INWIT's growth strategy includes expanding its tower assets and capitalizing on Italy's growing digital infrastructure needs, which could boost revenue.

Earnings and Revenue Growth Forecasts

BIT:INW - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,11134755368516
12/31/20271,09831554068518
12/31/20261,07533058964718
6/30/20261,073338517806N/A
3/31/20261,075351526777N/A
12/31/20251,077362518800N/A
9/30/20251,070365519780N/A
6/30/20251,060360485756N/A
3/31/20251,048356486772N/A
12/31/20241,036354469766N/A
9/30/20241,019357457826N/A
6/30/20241,001355471845N/A
3/31/2024981346513872N/A
12/31/2023960339512811N/A
9/30/2023934325545830N/A
6/30/2023907315517762N/A
3/31/2023880308392601N/A
12/31/2022853293432687N/A
9/30/2022836259366573N/A
6/30/2022820238350564N/A
3/31/202280221650281N/A
12/31/202178519149218N/A
9/30/202177119440189N/A
6/30/2021759180126253N/A
3/31/2021751167485580N/A
12/31/2020663157397487N/A
9/30/2020577152387459N/A
6/30/2020487142233297N/A
3/31/2020403140N/A296N/A
12/31/2019395139N/A305N/A
9/30/2019387134N/A250N/A
6/30/2019385140N/A227N/A
3/31/2019378137N/A179N/A
12/31/2018378141N/A162N/A
9/30/2018379141N/A163N/A
6/30/2018372138N/A138N/A
3/31/2018366134N/A137N/A
12/31/2017357127N/A114N/A
9/30/2017346116N/A119N/A
6/30/2017342108N/A143N/A
3/31/2017338103N/A104N/A
12/31/201633498N/A104N/A
9/30/201632994N/A87N/A
6/30/201632590N/A101N/A
3/31/201632186N/A104N/A
12/31/201523963N/A78N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: INW's forecast earnings growth (4.6% per year) is above the savings rate (3.4%).

Earnings vs Market: INW's earnings (4.6% per year) are forecast to grow slower than the Italian market (10.1% per year).

High Growth Earnings: INW's earnings are forecast to grow, but not significantly.

Revenue vs Market: INW's revenue (1.7% per year) is forecast to grow slower than the Italian market (5.7% per year).

High Growth Revenue: INW's revenue (1.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: INW's Return on Equity is forecast to be low in 3 years time (13.1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 16:59
End of Day Share Price 2026/09/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Infrastrutture Wireless Italiane S.p.A. is covered by 41 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrea DevitaBanca Akros S.p.A. (ESN)
Fernando Cordero BarreiraBanco Santander
Maurice PatrickBarclays